The Midas Touch Gold (TMTG), a Hong Kong-based cryptocurrency service provider, announced its listing of the second TMTG futures contract on Nov. 18.
The first TMTG futures product was listed in September on MCS. The second listing is stirring enormous attention among the investors as TMTG's DeFi token TOM (Touch of Midas) is currently being mined.
TMTG is a gold-based project token. The token is used on TGXC digital gold trading platform to purchase TG tokens that can be exchanged for actual gold. TMTG has been implementing various value forming strategies such as buybacks and token burns to increase liquidity.
MyCoinStory (MCS) is a trend leading cryptocurrency derivatives trading platform that provides up to 150 times leverage. The exchange has received positive reviews for delivering useful investment methods in a highly volatile market.
The second TMTG futures contract launched on the MCS exchange supports up to 20 times the leverage to place orders up to 20 times the trader's assets and provides options of short buying and short selling orders.
A TMTG official said, "Since the recent launch of our DeFi coin TOM, we are excited to serve our global cryptocurrency traders as a futures contract product through MCS. We wanted to provide our TMTG traders with various trading strategies according to price fluctuations."
TMTG continues to attract investors' interest with its rapid progress, including the recent partnership agreement with the global gold supplier YH Global Company and the launch of its DeFi coin TOM.